Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE. This Act may be cited as the ‘‘Paycheck Protection Program and Health Care Enhancement Act’’.
SEC. 2. TABLE OF CONTENTS. The table of contents for this Act is as follows: Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. References. DIVISION A—SMALL BUSINESS PROGRAMS Sec. 101. Amendments to the Paycheck Protection Program, economic injury disaster loans, and emergency grants. Sec. 102. Emergency designation. DIVISION B—ADDITIONAL EMERGENCY APPROPRIATIONS FOR CORONAVIRUS RESPONSE
SEC. 3. REFERENCES. Except as expressly provided otherwise, any reference to ‘‘this Act’’ contained in any division of this Act shall be treated as referring only to the provisions of that division.
DIVISION A—SMALL BUSINESS PROGRAMS
SEC. 101. AMENDMENTS TO THE PAYCHECK PROTECTION PROGRAM, ECONOMIC INJURY DISASTER LOANS, AND EMERGENCY GRANTS. (a) INCREASED AUTHORITY FOR COMMITMENTS AND APPROPRIATIONS FOR PAYCHECK PROTECTION PROGRAM.—Title I of division A of the Coronavirus Aid, Relief, and Economic Security Act () is amended— (1) in section 1102(b)(1), by striking ‘‘$349,000,000,000’’ and inserting ‘‘$659,000,000,000’’; and (2) in section 1107(a)(1), by striking ‘‘$349,000,000,000’’ and inserting ‘‘$670,335,000,000’’. (b) INCREASED AUTHORIZATION FOR EMERGENCY EIDL GRANTS.—Section 1110(e)(7) of division A of the Coronavirus Aid, Paycheck Protection Program and Health Care Enhancement Act. Relief, and Economic Security Act () is amended by striking ‘‘$10,000,000,000’’ and inserting ‘‘$20,000,000,000’’. (c) ELIGIBILITY OF AGRICULTURAL ENTERPRISES FOR ECONOMIC INJURY DISASTER LOANS AND EMERGENCY GRANTS.—Section 1110(a)(2) of division A of the Coronavirus Aid, Relief, and Economic Security Act () is amended— (1) in subparagraph (D), by striking ‘‘or’’ at the end; (2) in subparagraph (E), by striking the period at the end and inserting ‘‘; or’’; and (3) by adding at the end the following: ‘‘(F) an agricultural enterprise (as defined in section 18(b) of the Small Business Act ((b)) with not more than 500 employees.’’. (d) SET ASIDE FOR INSURED DEPOSITORY INSTITUTIONS, CREDIT UNIONS, AND COMMUNITY FINANCIAL INSTITUTIONS.—Section 7(a)(36) of the Small Business Act ((a)(36)) is amended— (1) in subparagraph (A)— (A) in clause (viii), by striking ‘‘and’’ at the end; (B) in clause (ix), by striking the period at the end and inserting a semicolon; and (C) by adding at the end the following: (x) the term ‘community development financial institution’ has the meaning given the term in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ()); (xi) the term ‘community financial institutions’ means— (I) a community development financial institution; (II) a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( note); (III) a development company that is certified under title V of the Small Business Investment Act of 1958 ( et seq.); and (IV) an intermediary, as defined in section 7(m)(11); and (xii) the term ‘credit union’ means a State credit union or a Federal credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ().’’; and (2) by adding at the end the following: (S) SET-ASIDE FOR INSURED DEPOSITORY INSTITUTIONS, CREDIT UNIONS, AND COMMUNITY FINANCIAL INSTITUTIONS.— (i) INSURED DEPOSITORY INSTITUTIONS AND CREDIT UNIONS.—In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by— (I) insured depository institutions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000; and (II) credit unions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000. (ii) COMMUNITY FINANCIAL INSTITUTIONS, SMALL INSURED DEPOSITORY INSTITUTIONS, AND CREDIT UNIONS.—In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by— (I) community financial institutions; (II) insured depository institutions with consolidated assets of less than $10,000,000,000; and (III) credit unions with consolidated assets of less than $10,000,000,000.’’.